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Past Is Truly No Guide
18 January 2007

Fund companies are asked to mention that past performance is no guide to the future. Just as well, shows a new study

Investors and fund professionals mainly rely on past performance in fund selection. But is this logical? If so, why do regulators insist that funds must be sold with the caveat that past performance is no guide to the future? Indeed, this caveat is a rare piece of wisdom coming...

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